IIT-Madras incubated space-tech startup Agnikul Cosmos has raised ₹150 crore in fresh funding at a valuation exceeding $500 million. The capital will be used to develop reusable rockets, scale production, and establish a 350-acre integrated space campus. This milestone strengthens India’s position in global space innovation and satellite launch services.
Agnikul Cosmos, India’s pioneering space startup known for its 3D-printed rocket engines, has announced a successful ₹150 crore fundraising round. The funds will accelerate the company’s ambitious plans to build reusable launch vehicles and expand its manufacturing and testing capabilities.
Notable Updates
• Funding details: The round saw participation from institutional investors and family offices, including HDFC Bank, Advenza Global Limited, Atharva Green Ecotech LLP, Artha Select Fund, Prathithi Ventures, and 100X.VC
• Reusable rockets: Agnikul is working on recovering and reusing the lower stage of its launch vehicles, a breakthrough for cost-effective space missions
• Space campus: A 350-acre integrated facility in Tamil Nadu will house end-to-end manufacturing and testing units Business
• Global reach: The startup already has customers across India, the Middle East, and Australia, highlighting its international ambitions
• Innovation track record: Agnikul demonstrated a sub-orbital launch last year and plans to deploy small satellites into low Earth orbit using its Agnibaan rocket
Major Takeaways
• This funding cements Agnikul’s valuation at over $500 million, making it one of India’s most valuable space-tech startups.
• The focus on reusability and 3D printing positions Agnikul as a global leader in next-generation launch technologies.
• India’s space ecosystem continues to attract significant investment, reinforcing its role in the global satellite launch market.
Sources: Financial Express, The Hindu